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Turn your house into the home you’ve always wanted

An RACQ personal loan can provide the much needed and immediate funds to improve your home. Plus, you’ll get access to great member benefits like savings on home improvement services and homewares, and discounts on RACQ Home and Contents Insurance and Home Assistance, in case there are any unexpected household emergencies.

A personal loan from RACQ Bank offers a range of benefits

No exit fees if you pay your loan off early

A choice of loan to suit you

Simple online application, which takes about 10 minutes

Discounts on home improvement services, homewares and more

Rates & fees

12.95% p.aVariable Rate

Fees

$200 Establishment fee

Minimum term

Nil

Maximum term

5 years

13.25% p.aComparison Rate

Minimum loan amount

$3,000

Maximum loan amount

$60,000

Additional repayments

Unlimited with no penalty or fee

An RACQ personal loan for home improvement also comes with access to:

15% discount at Andersen’s Floor and Window Coverings

20% discount at Davcon Security Screens

20% off home tinting with RACQ Auto Glass

Apply for the loan – once you’ve worked out the best loan for you, apply usually by starting the application process online and then talking to a lending specialist.

Sign the contract – from this point, the new home loan is used to pay off the old one.

Plus, hundreds of discounts on entertainment, dining, travel and more.

Get in touch with us

Loans are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Terms, conditions, fees, charges and lending policies apply. Comparison rate calculated on an unsecured or secured loan amount of $30,000 over 5 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Insurance products are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. Please read the PDS before making a purchase decision on this product. Any general advice relating to this product at racq.com is provided by RACQ.

Calculator Disclaimer

The above Personal Loan calculator is a model, not a prediction. Amounts and repayment periods are estimates only, and actual amounts may be higher or lower. Results are based on information you have provided and do not take your personal circumstances into account. This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider obtaining advice form a suitably qualified financial professional.

The comparison rate is based on an unsecured personal loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.